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Tuesday, June 3, 2014

2:15 p.m. - 3:00 p.m.
Track: The Digital Future View Track

BITCOIN AND OTHER DIGITAL CURRENCIES: THE OPPORTUNITY/THREAT TO BANKS

Marc Hochstein, Managing Editor, AMERICAN BANKER
Panelists: Bill Haraf, Managing Director, PROMONTORY FINANCIAL
Edan Yago, CEO, EPIPHYTE
Tim Byun, Chief Compliance Officer, BITPAY

Is Bitcoin a huge Ponzi scheme destined to fall apart?  Or is it the next great paradigm shift in payments?  The opinions about bitcoin and digital currencies in general are indeed deeply divided.  But within the arguments are some developments that banks need to examine—especially when it comes to the underlying technology that enables someone to send money around the world, virtually for free, and only using a financial institution if so desired.

This panel will examine the key aspects about this system, and where there are both threats and opportunities for banks.

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